France threatens to curb executive pay
France's government on Wednesday promised to crackdown on bonuses and other executive payments if business leaders fail to curb excesses amid growing public anger over company bosses' pay. Responding to outrage over the exit bonus paid to the former head of Valeo SA, an auto parts maker that received state aid, President Nicolas Sarkozy hit out at "dishonest" executives late Tuesday. He said there should be no more bonuses or stock options at companies that benefit from government help.
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